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Tag Archives: oil production
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge True to its perpetually optimistic form, OPEC, which last month for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of the OPEC meeting at the end of […]
Is Oil About to Collapse?
Is Oil About to Collapse? US producers simply don’t play along with OPEC and Russia. By Martin Tiller, Oil & Energy Insider: WTI really does look like it is about to collapse. Let’s be clear, I am not necessarily talking about a return to the sub-$30 of the beginning of 2016 here, but a return to the […]
OPEC Extension Sends Oil Prices Soaring
OPEC Extension Sends Oil Prices Soaring Oil markets’ initial reaction to yesterday’s OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC followed through […]
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut extension, at least one appears to be leaking the decision process to media outlets, because moments ago Bloomberg reported that OPEC ministers have agreed to […]
Venezuela Could Lose A Lot More Oil Production
Venezuela Could Lose A Lot More Oil Production After defaulting on debt, Venezuela’s crisis continues to unfold, threatening to worsen the state-owned oil company’s production. PDVSA reportedly told employees that they needed to carry out an austerity campaign, looking for ways to cut costs by 50 percent. The internal memo said that savings needed to […]
The 10 Most Influential Oil Countries
The 10 Most Influential Oil Countries The world’s top oil exporters are undoubtedly some of the world’s most influential countries. As such, it behooves analysts to always stay abreast of the internal dynamics of these economic power houses. Here’s what’s going on in the countries that have the power to make or break the oil […]
Can The Gas Glut Kill The Permian Boom?
Can The Gas Glut Kill The Permian Boom? The Permian basin continues to add new oil production, but shale drillers in West Texas could face an unexpected problem: too much natural gas. Natural gas is produced as a byproduct when drilling for oil. Oil tends to be more lucrative, so shale companies typically target oil […]
The IEA Is Grossly Overestimating Shale Growth
The IEA Is Grossly Overestimating Shale Growth This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade, rising to “a level 50 percent higher than any other country has ever managed.” With a “remarkable ability to unlock new resources cost-effectively,” U.S. shale will add millions of […]
U.S. SHALE OIL PRODUCTION UPDATE: Financial Carnage Continues To Gut Industry
U.S. SHALE OIL PRODUCTION UPDATE: Financial Carnage Continues To Gut Industry As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of its horizontal laterals. The stench of fracking fluid must be driving shale oil advocates utterly […]
IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking
IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking Pouring cold water on yesterday’s optimistic demand forecast projected by OPEC, which projected global crude demand growth to rise by 1.5mm b/d in 2018, this morning the International Energy Agency warned that the crude oil price rally could be short-lived because, contrary to […]
Mideast Turmoil: Follow the Oil, Follow the Money
Mideast Turmoil: Follow the Oil, Follow the Money In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase […]
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018 True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the […]
